Treasury ties Eurobond buyback to recruitment

Treasury Cabinet Secretary Njuguna Ndung’u. FILE PHOTO | DIANA NGILA | NMG

The Treasury says it will wait for a lead manager to guide it through the proposed early redemption of the Sh281.8 billion ($2 billion) Eurobond, which matures next June.

This is despite President William Ruto telling global investors that Kenya planned to buy back at least 50 percent of the outstanding Eurobond before the end of the year.

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